Jul. 4 at 4:53 PM
$KAPA I estimate split by ~7/15, announcement two days prior. IB6 restrictions apply (expect IB6 restrictions continue to apply into Q4) - so price decline means it's to company's advantage to do any cash raise soon - but the compliance situation means it's unlikely pre-split. Inflow needed for cash raise, so catalyst needed. First catalyst (smaller one, there are potentially several) likely to occur as early as a few days after split, or later in Q3. Subsequent catalysts in Q3/Q4 - when everything is in place and company timing - company currently has over two quarters' cash on hand. Very much aware of January S-3 dollar amount - but their actual current ATM ability is only ~
$2 million. Even that much could be absorbed by the market fairly easily during a high volume favorable catalyst situation (but would expect some moderation on ATM sells). Some variation of that scenario. Straight up opinion only, not financial advice, do your own due diligence before investing in a stock.
